News

Britain's economy grew at 0.2% for the second quarter, according to the first revision of the data by the Office for National Statistics (ONS).

Short-selling bans on a number of French, Italian and Spanish banks introduced earlier this month have been extended until the end of September in a bid to stem market volatility.

The immediate future of the UK economy will not be dependant on a further round of quantitative easing (QE), a member of the Bank of England's rate setting body said yesterday.

US Federal Reserve chairman Ben Bernanke is gearing up to deliver a key speech on the ailing US economy today - with markets looking on for hints of further stimulus.

Shares in Bank of America closed almost 10% higher overnight after Warren Buffett pledged to take a $5bn stake in the firm, which may have already netted him a $1.3bn profit.

Japan's beleaguered prime minister Naoto Kan has resigned after a turmoil-filled 15 months in office, clearing the way for the country's sixth leader in five years.

Billionaire investor Warren Buffett has agreed a deal which will see his firm Berkshire Hathaway invest $5bn in Bank of America.

Barings' Agnes Deng is increasing exposure to Chinese banks within the £2.5bn Hong Kong China fund as valuations fall to levels last seen during the banking crisis.

Fund managers have backed technology poster child Apple to continue to shine despite the departure of charismatic CEO Steve Jobs.

RWC Partners has soft-launched a Global Value fund for former Schroders income stars Nick Purves and Ian Lance.